Can the Knowledge-Capital Model Explain Sectoral Foreign Invesment? Evidence From Singapore
AbstractUsing the knowledge-capital model, we compare factors affecting the inbound and outbound manufacturing and services investment between Singapore and a sample of industrialized and developing countries. The nature of Singapore's two-way investment with the industrialized nations is essentially skill seeking, while with the developing countries it is low wage seeking with the exception of inbound services investment, which is skill seeking. During 1994-2003 time period, Singapore's skill abundance relative to all parent countries, increased annual average inbound investment in manufacturing and services by US$ 8.15 billion and US$ 15.19 billion respectively.
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Bibliographic InfoPaper provided by East-West Center, Economics Study Area in its series Economics Study Area Working Papers with number 101.
Length: pages 41
Date of creation: Mar 2009
Date of revision:
Find related papers by JEL classification:
- F - International Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-07-11 (All new papers)
- NEP-DEV-2009-07-11 (Development)
- NEP-KNM-2009-07-11 (Knowledge Management & Knowledge Economy)
- NEP-SEA-2009-07-11 (South East Asia)
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